A-Mark Precious Metals Inc ( (AMRK) ) has released its Q2 earnings. Here is a breakdown of the information A-Mark Precious Metals Inc presented to its investors.
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A-Mark Precious Metals, Inc., a fully integrated precious metals platform, offers a diverse range of bullion and numismatic products to both wholesale and retail clients worldwide. The company operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending.
In the fiscal second quarter of 2025, A-Mark Precious Metals reported a net income of $6.6 million and a diluted earnings per share of $0.27. The company’s revenues rose by 32% compared to the same period in the previous year, reaching $2.742 billion. Despite the revenue increase, A-Mark faced a decline in net income and gross profit due to elevated precious metals prices and subdued demand.
Key performance metrics highlighted a decrease in gross profit by 3% to $44.8 million, and a reduction in EBITDA by 35% to $16.2 million. Moreover, the company repurchased 169,512 common shares for $5.1 million and reaffirmed its quarterly cash dividend policy of $0.20 per share. A significant strategic move included entering a definitive agreement to acquire Spectrum Group International, enhancing A-Mark’s presence in premium collectible markets.
Looking forward, A-Mark is committed to executing its long-term strategic plans, including expanding its logistics capabilities and exploring merger and acquisition opportunities. The management remains focused on delivering value to shareholders and navigating through the challenges of the current market environment.
